Bitcoin Cash Ends 2022 First Half In Top 18
Hello, 18Digits community! It’s a new month and it’s exciting to have you here again. After the recent dip in the market this past few weeks, the crypto market is in an accumulation phase. We have the market analysis to keep you informed and updated with the crypto world. Let’s see how the market has been this week.
Before you continue reading, please be aware that this article is not intended to be financial advice. Before investing or hiring a professional, you should do your due diligence
The State of the Market
The price of Bitcoin appears to be swinging to and fro since its recent dip. As of Monday, 27th of June, the price of Bitcoin (BTC) was at $20,718, but it is currently at $20,292. The week’s highest price was $20,718 on Monday, while the lowest was $19,938 on Thursday.
The price of Ethereum (ETH) decreased by 4.21% in the past seven days and is currently priced at $10,93.11, which is 77.6% below the previous all-time high of $4,891.7
In the world of Altcoins, Tether (USDT) value had a decline of 0.07% this week compared to Polkadot (DOT), which witnessed an 11.54% decline. This week, however, is good news for Dogecoin (DOGE) as it increases in value by 5.08%.
Let’s check your votes shaped the top gainers and losers this week.
18Digits Top 18 Voting Result
A significant change in this week’s voting result is Bitcoin Cash (BCH) which entered this week’s top 18 from position 24. There were not many changes in the positions in general, even though Terra (LUNA) moved from position 17 to 15 and PancakeSwap (CAKE) went down from 13 to 16. The top 10 coins maintained their positions except for Shiba Inu (SHIB) and Dogecoin (DOGE), which seemed to be at loggerheads and exchanged places. Shiba Inu (SHIB) ranked 9th while Dogecoin (DOGE) ranked 8th. Ripple (XRP) and TRON (TRX) also exchanged places this past week, with Ripple(XRP) coming to 10th place and TRON (TRX) being sent back to 12th place.
Other changes were Avalanche (AVA) moving from 14th to 13th and Stellar(XLM) moving from 16 to 17th. Ethereum (ETH), Bitcoin (BTC), Binance coin (BNB), Solana (SOL), Cardano (ADA), and Polygon (MATIC) remained gallant in their top 6 positions.
Biggest Winners and losers voting results: Bancor Network (BNT), RadioShack (RADIO), and Sythetix Network (SNX) turbo again
There were significant changes in the positions of some tokens on the chart this week. A token that climbed brilliantly this week was Voyager (VGX), climbing up to position 547 from the 14,943rd position. Annex Finance (ANN) also moved up 7869 places to sit in the 563rd rank. Bancor Network (BNT), RadioShack(RADIO), and Sythetix Network (SNX) went up massively again this week, moving to positions 588, 575, and 566 from positions 7752,7677 and 7655, respectively to complete the list again this week.
The top 5 loser coins were Genopets KI (GENE), Moonwell Artemis (WELL), Wenlambo (OLD), Stilton Musk (OLD), and Lunar Flare (LFG). They all went down the chart by at least 16,000 places.
Till we meet again next week, do have a smashing 2nd half of the year!
Note: Every week, you can register to vote for your favorite cryptocurrencies on the 18Digits platform and get free tokens.